The thing is that media will write anything as long as it attracts the most reader. When it's up, they were full of praises and creating the scenario that btc is finally the savior. When it's down, well, you know what to expect. Just follow and stick to your principle on what you think is right.
Nope, I think the thing is that the Media industry is a tool full of shit used by the elite... |
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Then the media found out Coinbase was faking it, and the coverage turned negative. SFgate: "Bitcoin exchange claims it is 'regulated,’ but not in California"Time Magazine issued a correction. The Wall Street Journal updated their article. Tomorrow's coverage will probably be more negative. Claiming you're regulated when you're not yields very bad publicity. Just because they have some VC money apparently doesn't mean they have a clue. That isn't the point, they already have what they wanted, the VC money...  , that brings CNBC and the others with them because Wall Street can do no wrong in their eyes! Oh yes, of course, wall street is in your side... |
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 I cringe whenever i see these 2 goofy fucks trying to sell me snake oil Me too. And I believe in the snake oil. I know that Bitcoin will be used by all kind of people, but these two fucks holding a big piece of the pie doesn't really make me comfortable at all... I don't like their approach to business in any way. |
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anti-EW bla-bla-bla
.........................
PS: how many times did DanV post a wrong EW prediction on TradingView? Like 543425 times?
I said a couple of times that DanV is too bullish, but he usually gets the direction right. ^^This! His 'predictions' are often pretty bad but his grasp on the overall market direction has been totally spot on since I have became aware of him. I would be interested to see what his current thoughts on Bitcoin are. In TV chat he said that $160 is an intermediate bottom and that we will revisit it in due time after which the next bullish cycle will start. He thinks we either retest $160 but do not go below it or we do go lower and find a new bottom somewhere between $60 and $160. I respect his analysis but do not take his word as gospel just because his longer term prediction that the price would eventually revisit $200 level or lower turned out to be correct. There's another EW theorist I know who thinks $160 could very well have been the bottom but that it's more likely according to general EW theory that we will revisit it and find a bottom around $130. I personally like to listen to analysts who don't think analysis is a one-way street, there are always many possibilities with different odds you can assign to them and intuition also plays a big role here. I appreciate it if analysts actually show that and admit that their prediction is not the only possible outcome. You listen to the analysts that makes you feel good about your position (serve your book) which is wrong.... the last 8 months I was in a daily basis reading so many analyzes, and I have to admit, till today some of the analyzes almost convince me of buying back, but after looking at the 1w chart I always decided to hold on to my position which I see is still working for me. I can admit that this time, not buying feels a bit scary and risky not because of technical analyzes but because of the number of pumping news all around the place... the 1w chart still didnt fail me and nothing changed, I a still bearish, though it is getting riskier and riskier while we are approaching the bottom |
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All this positive cover in the media is really fishy to me, suddenly we've got the whole media industry sheering for Bitcoin when 2 years ago ( around the first bubble in 2013) most economists were telling everyone that Bitcoin is bubble and it wouldn't work and whatnot, late 2013 when the price skyrocketed the institutional investors started investing in Bitcoin startups and even bought Bitcoin in some cases, and now they are pumping their investment and telling the world how cool is Bitcoin !!!
Most of the investors/media will tell you that Bitcoin is the biggest and most important invention after internet and it is the best financial invention in the last 500 years which is kind of insulting to all other important invention.... a deep look at the whole scene gives me the feeling that most of these pumpers don't give a single fuck about the real potential technology, nor most of users here do.
The most sane people I encountered in this community were developers, if I am to thank anyone, I would start thanking them, they are one of the rare objective people here around, and I think it has to do with their knowledge of Bitcoin's code and how unprepared it is to the masses, many and the challenges will be facing Bitcoin the next couple of years... so brace your self and watch how things develop.
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EW = bullshit.
Sorry for the EW lovers here but that's what I think.
EW tries to to predict what prices will do with precision in the following weeks or months, that's not really how TA should be used.
Sure if a chart looks like the classic Wall Street bubble chart it's probably a safe bet to expect lower prices the following months, but EW goes way too far in its predictions.
I mean if you are doing it for fun or as an interesting exercise all good, but you shouldn't really integrate it in your strategy.
TA is supposed to give you buy signals or sell signals that have a high chance of playing in your favour. Trading the moment and going with the flow and following the trend.
TA should be simple. The more complicated tools you use the higher the chances you'll fuck it up.
Ignore indicators or fancy shit, they don't predict much most of the time and you don't need them. If you use them too much, chances are you are overtrading.
Trading should be about: trend lines, wedges, pennants, double tops, double bottoms, breakouts, checking the depth chart, checking the trade history bar in real time.
And especially volume. Volume is absolutely crucial.
You should trade the big moves and ignore the noise, the choppy consolidations.
Then of course you have to develop the "feel" for a market knowing how it tends to usually behave.
That's pretty much it imo.
PS: how many times did DanV post a wrong EW prediction on TradingView? Like 543425 times?
Excellent post, first try to deeply understand the market and community behind it, you can't 100% rely on indicators because most of them are lagging, and this is why you need to have a sense or a kind of a feeling for potential directions. Most importantly, try to trade only big moves, look deeply at charts, don't bother with the short term ones (2h,1h,30m,15m,5m,1m), make your decision based on a combined look short and long term charts (4h and 1w) this will help you minimize the risk and prevent you from trading the noise. If you want to "daily trade" then just follow the trend, buy when it is going up and sell when it is going down, and yes I just said that, it works (just don't be greedy about it and it will work), a Bot is recommended in this case. Edit: forgot to tell OP: funniest post ever, I don't think we are really close to a bull market, you are just depressed and desperate. |
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Tulips or BTCeanie BTCabies  One of the two will be worth millions one day!!!!! Right guys? Right?  I cringe whenever i see these 2 goofy fucks trying to sell me snake oil Bitcoin Marketcap will be worth a trillion, So please buy our bitcoins now while they are cheap... we are telling you buy from us or else you will regret it. |
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Wow the comments in the articles though ... it really proves that we will get tons of adoption, like millions of users will be buying tomorrow and fighting for a piece of Bitcoin. |
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This forum needs a button called "Mark as Troll", if enough people mark somebody as a Troll, all their messages can go straight to the "moon" folder where nobody has to read them.
The ignore button (a couple of years ago) used to glow from light yellow to darker orange depending on the amount of ignores, so if you saw someone with a glowing Ignore button you knew he was ignored by so many users(doesnt mean he is a troll though), you know someone like you would have a red glowing button.... but thanks to Theymos and his free speech hardcore support (which I do support as well) this doesn't work anymore. |
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Do we have to wait another year for those 10$ coins?
Personally i have a lot of patience. I will buy those $10 coins from you when you will finally capitulate from all the fear and from the realization that Bitcoin was nothing but a pump and dump overpriced trash. Don't worry, though. I will sell them again at $15 on what will be the last trade with this ridiculous ponzi scheme. I can definitely see a better currency replacing Bitcoin in the future. I highly doubt you are able to afford all of my coins, even at 10$. Then I will do, if I will be still interested in Bitcoin... |
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His firm depends on Bitcoin success, and Bitcoin success for them is mostly based on the price going up which eqauls to more spending when the price going down means more hoarding, so take everything these companies and their investors says with a grain of salt. Edit: and when he admits that there are a lot going behind the scenes it is even scarier, now we know that these wall street traders/investors were buying behind the scenes and they are now trying to "pump" their investment, in fact they don't really give a shit about the technology neither do so many here... |
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When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits  nope, it started from lower double digits, so nope the bubble didn't burst. Thats crazy though, we're two years down the line in terms of new users, media attention, big investors and infrastructure. If thats the line your going with then surely we should be back to 0 as thats where it started. The meaning of a bubble is that bitcoin was way overpriced compared to its real value and the infrastructure and ecosystem is just catching up, although the value of Bitcoin is way better than it was 2 years ago, I think the price still doesn't reflect that value, in other words I think it is waaaaaaaaay over price against its value, lets not forget that Bitcoin is still Beta. Bitcoin was driven by speculators and it was pumped so hard by Gox which was easy because the lack of regulation was the heaven for manipulators....if this will turn to be a reversal, I wouldn't buy Bitcoin nor use it, because it would be a clear ponzi, pump and dump scheme. |
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If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture. I spent it all (or have it earmarked) for property development projects. Don't worry...I've got a decent amount of powder of the BTC variety dry.
I more or less got the posting bug out of my system over the last few weeks. The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving. Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.
I tend not to be 'bullish' or 'bearish'. Price spikes and drops are just things that happen. Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises. I just call things as I see them and tell people what I am doing. Told people I was buying in the single digits. Told people I was selling in the four digits. Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with. Maybe that's what turned the market around. Who knows? I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.
My words exactly. LOL, are you this desperate to cross-post ? the post you replied to is not even in this thread, get your shit together or go back to your "self moderated" mental hospital. |
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When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...
Thats so vague, 1200 - 160 doesn't count as a bubble burst? The get rich quick people will always be here. Not saying I wouldnt mind a chance to buy in double digits nope, it started from lower double digits, so nope the bubble didn't burst. |
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mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all? You must be new here, he cleaned up with litecoin last November... You mean 2013 I hope... Indeed, damn these years are going fast now days  I have to admit that Litecoin was the best performing investment in my portfolio, but sadly I don't see any purpose in it anymore, Bitcoin v 2.0 coins like Ethereum could be a big news though. |
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mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?
What makes you think he has any money to buy back at all? Yes, who knows, maybe if I held to my coins I would be broke today. |
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I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
+1 Exactly my thoughts mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in? When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this... |
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I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
+1 Exactly my thoughts |
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why so negative? we should thank coinbase for this pump. because mmitech is very smart and everyone else is retarded  yes I am smart (or at least not an idiot) and there are so many retarded people here for sure, so your statement is somehow valid and accurate. |
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Well there are already quite a number of exchanges for customers outside the US for now, so the only country that desperately still needs a solid exchange is the good ol' US of A. What is wrong with all other exchanges? and wasn't Kraken an US exchange ? come one just admit it, you are so desperate for a pump and it doesn't matter what the reason is... |
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